NEW YORK, Dec. 6, 2022 /PRNewswire/ -- The compliance training market size for financial institutions in the US is forecasted to grow by USD 1.22 billion at a CAGR of 16% between 2020 and 2025. Offline learning is expected to contribute the highest share to the growth of the global market during the forecast period. The increasing presence of multinational financial corporations and training providers and the provision of innovative and customized corporate training solutions as per the needs of customers will facilitate the compliance training market share growth for financial institutions in the US. Moreover, the demand for compliance training for existing employees has increased.
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Competitive analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, growth in market share, among others, Buy the report
Compliance training market for financial institutions in the US: Segmentation analysis
Technavio has segmented the compliance training market for financial institutions in the US by course type (professional courses and introductory courses) and delivery model (offline learning and online learning). The report provides actionable insights and estimates the contribution of all segments to the growth of the compliance training market for financial institutions in the US.
Key factors driving market growth
- The rising need for skilled employees is driving the growth of the market.
- There is a high demand for employees with advanced skills such as analytics and advanced algorithms. Hence, various financial institutions are organizing programs to train professionals.
- Institutions are also deploying innovative training programs, such as scenario-based or case-based training and simulations, to help employees understand real-time organizational issues.
- The digitalization of businesses and processes has made datasets complex and diverse. The analysis and management of such data require employees trained in professional courses such as data compliance management.
- Therefore, the rising volume of data generated by financial institutions will increase the need for skilled employees, which, in turn, will drive the growth of the market during the forecast period.
Leading trends influencing the market
- The popularity of learning analytics is a key trend in the market.
- Learning analytics enhance the overall training experience by predicting performance, providing a personalized e-learning experience, increasing retention rates, and improving cost efficiency.
- Big data analytics, AI, and learning analytics help compliance trainers personalize the learning modules and content, which creates an immersive learning experience, improves outcomes, and increases employee productivity.
- Financial institutions are analyzing the large volume of data generated by online learning tools trying to retrieve valuable insights about the preferences and interests of their employees. Learning analytics helps them plan their training budget by identifying areas of improvement.
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What are the key data covered in this report on the compliance training market for financial institutions in the US?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the compliance training market for financial institutions in the US between 2021 and 2025
- Precise estimation of the size of the compliance training market for financial institutions in the US and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of vendors in the compliance training market for financial institutions in the US
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Compliance Training Market for Financial Institutions in the US Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16% |
Market growth 2021-2025 |
USD 1.22 billion |
Market structure |
Fragmented |
YoY growth 2020-2021 (%) |
13.93 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Companies profiled |
Association of Certified Anti-Money Laundering Specialists LLC, Bank Administration Institute, Edcomm Inc., Euromoney Institutional Investor Plc, Financial Industry Regulatory Authority Inc., Lorman Business Center LLC, NAVEX Global Inc., ProBank Austin, Regulatory Affairs Professionals Society, and Thomson Reuters Corp. |
Market Dynamics |
Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period dynamics; market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments. |
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Table of Content
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value Chain Analysis - Education Services
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Delivery Model
- 5.1 Market segments
- 5.2 Comparison by Delivery Model
- 5.3 Offline learning - Market size and forecast 2020-2025
- Exhibit 17: Offline learning - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Offline learning - Year-over-year growth 2020-2025 (%)
- 5.4 Online learning - Market size and forecast 2020-2025
- Exhibit 19: Online learning - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Online learning - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Delivery Model
- Exhibit 21: Market opportunity by Delivery Model
6 Market Segmentation by Course Type
- 6.1 Market segments
- 6.2 Comparison by Course Type
- 6.3 Professional courses - Market size and forecast 2020-2025
- Exhibit 24: Professional courses - Market size and forecast 2020-2025 ($ million)
- Exhibit 25: Professional courses - Year-over-year growth 2020-2025 (%)
- 6.4 Introductory courses - Market size and forecast 2020-2025
- Exhibit 26: Introductory courses - Market size and forecast 2020-2025 ($ million)
- Exhibit 27: Introductory courses - Year-over-year growth 2020-2025 (%)
- 6.5 Market opportunity by Course Type
- Exhibit 28: Market opportunity by Course Type
7 Customer landscape
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 30: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- Exhibit 31: Vendor landscape
- 9.2 Landscape disruption
- Exhibit 32: Landscape disruption
- Exhibit 33: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 34: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 35: Market positioning of vendors
- 10.3 Association of Certified Anti-Money Laundering Specialists LLC
- Exhibit 36: Association of Certified Anti-Money Laundering Specialists LLC - Overview
- Exhibit 37: Association of Certified Anti-Money Laundering Specialists LLC - Product and service
- Exhibit 38: Association of Certified Anti-Money Laundering Specialists LLC - Key news
- Exhibit 39: Association of Certified Anti-Money Laundering Specialists LLC - Key offerings
- 10.4 Bank Administration Institute
- Exhibit 40: Bank Administration Institute - Overview
- Exhibit 41: Bank Administration Institute - Product and service
- Exhibit 42: Bank Administration Institute - Key offerings
- 10.5 Edcomm Inc.
- Exhibit 43: Edcomm Inc. - Overview
- Exhibit 44: Edcomm Inc. - Product and service
- Exhibit 45: Edcomm Inc. - Key offerings
- 10.6 Euromoney Institutional Investor Plc
- Exhibit 46: Euromoney Institutional Investor Plc - Overview
- Exhibit 47: Euromoney Institutional Investor Plc - Business segments
- Exhibit 48: Euromoney Institutional Investor Plc - Key offerings
- Exhibit 49: Euromoney Institutional Investor Plc - Segment focus
- 10.7 Financial Industry Regulatory Authority Inc.
- Exhibit 50: Financial Industry Regulatory Authority Inc. - Overview
- Exhibit 51: Financial Industry Regulatory Authority Inc. - Business segments
- Exhibit 52: Financial Industry Regulatory Authority Inc. - Key news
- Exhibit 53: Financial Industry Regulatory Authority Inc. - Key offerings
- Exhibit 54: Financial Industry Regulatory Authority Inc. - Segment focus
- 10.8 Lorman Business Center LLC
- 10.9 NAVEX Global Inc.
- Exhibit 58: NAVEX Global Inc. - Overview
- Exhibit 59: NAVEX Global Inc. - Product and service
- Exhibit 60: NAVEX Global Inc. - Key news
- Exhibit 61: NAVEX Global Inc. - Key offerings
- 10.10 ProBank Austin
- Exhibit 62: ProBank Austin - Overview
- Exhibit 63: ProBank Austin - Product and service
- Exhibit 64: ProBank Austin - Key offerings
- 10.11 Regulatory Affairs Professionals Society
- Exhibit 65: Regulatory Affairs Professionals Society - Overview
- Exhibit 66: Regulatory Affairs Professionals Society - Product and service
- Exhibit 67: Regulatory Affairs Professionals Society - Key offerings
- 10.12 Thomson Reuters Corp.
- Exhibit 68: Thomson Reuters Corp. - Overview
- Exhibit 69: Thomson Reuters Corp. - Business segments
- Exhibit 70: Thomson Reuters Corp. - Key news
- Exhibit 71: Thomson Reuters Corp. - Key offerings
- Exhibit 72: Thomson Reuters Corp. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 73: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 74: Research Methodology
- Exhibit 75: Validation techniques employed for market sizing
- Exhibit 76: Information sources
- 11.4 List of abbreviations
- Exhibit 77: List of abbreviations
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Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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